Labour Costs in Romania increased to 122 points in the fourth quarter of 2020 from 121 points in the third quarter of 2020. source: EUROSTAT

Labour Costs in Romania averaged 72.03 points from 1995 until 2020, reaching an all time high of 165.40 points in the first quarter of 2020 and a record low of 2.10 points in the third quarter of 1995. This page provides - Romania Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Romania Unit Labour Costs - values, historical data and charts - was last updated on April of 2021.

Labour Costs in Romania is expected to be 174.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Romania to stand at 127.12 in 12 months time. In the long-term, the Romania Unit Labour Costs is projected to trend around 135.39 points in 2022 and 144.46 points in 2023, according to our econometric models.

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Romania Unit Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
122.00 121.00 165.40 2.10 1995 - 2020 points Quarterly
NSA, 2010=100

Romania Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.70 5.60 8.70 3.60 percent [+]
Employed Persons 4924.70 4910.60 8496.00 4095.20 Thousand [+]
Unemployed Persons 293.50 292.20 1291.30 65.30 Thousand [+]
Long Term Unemployment Rate 1.60 1.20 5.30 1.20 percent [+]
Youth Unemployment Rate 16.00 16.00 25.50 15.30 percent [+]
Labour Costs 122.00 121.00 165.40 2.10 points [+]
Job Vacancies 0.95 0.81 2.14 0.50 percent [+]
Wages 5549.00 5906.00 5906.00 1.02 RON/Month [+]
Wages in Manufacturing 4710.00 5208.00 5208.00 203.00 RON/Month [+]
Minimum Wages 458.07 460.77 466.23 24.53 EUR/Month [+]
Population 19.33 19.41 23.21 18.32 Million [+]
Retirement Age Women 61.67 61.42 61.67 57.92 [+]
Retirement Age Men 65.00 65.00 65.00 62.92 [+]
Labor Force Participation Rate 55.50 55.10 67.80 52.70 percent [+]
Part Time Employment 471.70 543.10 1458.10 471.70 Thousand [+]
Productivity 120.60 116.00 121.60 40.50 points [+]
Wage Growth 8.10 7.10 283.30 -1.90 percent [+]
Full Time Employment 7825.50 7705.80 8640.40 7228.10 Thousand [+]
Employment Change -1.00 -3.10 3.80 -10.40 percent [+]
Employment Rate 65.80 66.00 69.10 55.40 percent [+]